Quotes from Frans van Houten

Insurers reimburse critical care, not the avoidance of incidents. Therefore, investments are not targeted towards prevention.

Certain product categories become less attractive for us because, as they become mature, they become low-cost, and hence, there is less to invent. There is less to invent in a television, whereas in heath technology, there is a lot to invent. So we wanted to put our innovative power to work where it really matters.

We can only compete in the world against competitors from Asia, the United States, or wherever if we look at unmet needs.

As humans, we've always innovated our way out of problems, whether it was the first torch to light a dark cave or the steam engine that sparked a revolution.

If we are going to get a grip on escalating costs, we have to focus more on prevention rather than acute care. Technology can help us do that.

Philips is committed to the circular economy and is applying its principles throughout the organization. We are redesigning our products and looking at ways to capture their residual value.

As soon as a disease is diagnosed, we still need someone to deliver the care.

Tech can help population health, make health more accessible, more affordable. Tech can also get people get more included in the economy and contribute and drive growth, and growth and wealth are great contributors to a safer world.

Genomics, Artificial Intelligence, and Deep Machine learning technologies are helping practitioners deliver better diagnosis and actually freeing up time for patient interaction.

If we are to ensure that health care remains affordable and widely available for future generations, we need to rethink radically how we provide and manage it.

If we are to ensure that healthcare remains affordable and widely available for future generations, we need to radically rethink how we provide and manage it - in collaboration with key health system partners - and apply the technology that can help achieve these changes.

The traditional way that society looks at healthcare is to let people get terribly sick and then have an emergency room to take care of them and spend a lot of money on acute care for people who would have been kept out of hospital in the first place if they had had a lifestyle change.

First and foremost, we must take a more holistic view of patient care journeys and then better integrate workflows and technology so that the care experience is seamless and provided at the location where it makes most sense.

Our health underpins our happiness and is a foundation of economic advancement.

It is vital that a company's culture shows a willingness to invest in employee wellbeing with no stigma or penalty attached to prioritising good health.

Changing the ways of governments usually doesn't happen quickly, but time is a luxury the world no longer enjoys.

I've always flagged that it will take some time to gradually sell down our interest in lighting and basically pivot to be a medtech company focused entirely on health technology.

Price erosion in components is quite fast. If you can capitalize on that by bringing products to the market faster, you will actually gain a better margin realization.

Healthcare is a conservative marketplace.

What Philips has to offer to India is to further enhance the state of healthcare for the over billion people in this country.

In an aging world with more chronic disease, health and healthcare are enormous opportunities that we want to focus on.

Employers can assist employees in looking after their health by giving guidance on energy management, sleep and healthy eating, working relationships, and helping maintain a sense of purpose at work.

Compassion, together with contractual responsibility for one's workforce, is a mark of a top employer.

I think, going forward, we need to be much more modest on expectations with regard to China growth: That's just being realistic.